The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.

The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.

The momentum appears to favor those who wish to remain in the European Union. The betting market Betfair said the probability that the country will stay stands at 86 percent. Optimism in financial markets also points in that direction.

Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, possible signs of further progress in the U.S. labor market that’s keeping the Federal Reserve on the path toward raising interest rates as soon as next month.

Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose, a hopeful sign for manufacturing.

Events

Health Care & Benefits Power Breakfast Find out about the latest trends in health care at our Health Care & Benefits Power Breakfast. Our panel of local executives will offer insight and forecast for what's ahead on September 26th.
Purchase your tickets now!Women of Influence Meet and network with some of the city's most powerful and inspirational women at IBJ's 2019 Women of Influence on October 31st.
Purchase your tickets now!

Nominations

Michael A. Carroll Award Nominations IBJ's Michael A. Carrol award is given in memory of former mayor & civic leader Michael Carroll. This award honors a man or woman who demonstrates Mike's qualities of determination, humility and devotion to the central Indiana community. Nominate now!CFO of the Year Award Nominations IBJ's CFO of the Year honors financial professionals in Indiana for outstanding performance in their roles as financial stewards of corporations and not-for-profit /government organizations. Nominate today!